Quote:
Originally Posted by chris719
The company was purchased for over 50x EBITDA.
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This. Case closed, IMHO. Thanks for posting this
chris719. That's a stat I was not aware of. I was basing my "trainwreck" status off his behavior. But 50x EBITDA? Holy shit, man! Now that's next level bonkers.
I'm sure someone will jump on here and try to defend a 50x EBITDA purchase.
"He's a visionary", "He knows what he's doing", "he has a plan." Well he damn well better. Twitter is ad revenue fed and Musk has spooked his advertisers. He may well have some grand plan to monetize the shit out of Twitter and I'm eager as anyone to see what it is. But right now, it's not looking good.